Twitter experiences widespread hack in coordinated cryptocurrency scam

Twitter stock slides after-hours amid scramble to contain high-profile account hacks		
		
	Lucas Matney

			@lucasmtny	 
		7 hours

Twitter stock slides after-hours amid scramble to contain high-profile account hacks Lucas Matney @lucasmtny 7 hours

In return, they promised to send back double the amount to the sender.

Several prominent Twitter accounts, including those of former United States president Barack Obama, Tesla CEO Elon Musk and Microsoft co-founder Bill Gates, were hacked apparently to promote a Bitcoin scam in what the microblogging site believes to be a "coordinated social engineering attack".

The hackers posted tweets on accounts of politicians, celebrities and companies and others, offering to send $2,000 for every $1,000 sent to a bitcoin address.

In response to the scam posts, Twitter took the extraordinary step of not allowing accounts to post on the app.

Twitter has yet to comment on the hacking campaign. "As we continue working on a fix, this functionality may come and go", Twitter Support tweeted.

Most if not all these accounts were Twitter verified, and between them they shared tens of millions of followers. Twitter said that users may be unable to Tweet or reset their passwords "while we review and address this incident".

The company's support team tweeted, "We are aware of a security incident impacting accounts on Twitter".

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Among the hacked accounts are Bill Gates, Elon Musk, Jeff Bezos, Joe Biden, and many others. Given the massive combined followers of the affected accounts, and the speed at which information travels on Twitter, it's conceivable that the tweets could have fooled large numbers of people, even if they were quickly deleted.

According to CNBC, the hackers' message that was tweeted via Gates' account read: "Everyone is asking me to give back, and now is the time".

The company blamed the attack on hackers who gained access to its internal infrastructure. His first tweet was a one-word "Hi".

Earlier, some of the platform's biggest users appeared to struggle to re-establish control of their accounts. Several accounts of cryptocurrency-focused organisations were also hijacked.

Three of America's most powerful men have had their Twitter accounts hacked and used to post scam giveaways.

Last August, a series of insulting or racist messages were posted on the personal account of Twitter founder Jack Dorsey without his knowledge. The person said Kirk made more money in an hour than selling usernames.

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